BIDV Phu Dien put into use headquarters with floor area of nearly 5,000m2
(Baonghean.vn) - On the morning of January 7, the Joint Stock Commercial Bank for Investment and Development of Vietnam, Phu Dien branch, held a conference to deploy the 2016 business plan and announced the inauguration of the BIDV Phu Dien branch's headquarters and treasury.
Attending the event were comrade Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee; leaders of Dien Chau, Do Luong, Quynh Luu, Tan Ky, Thanh Chuong, Anh Son, Yen Thanh districts, and Hoang Mai town.
On the side of BIDV Vietnam Bank, there are Deputy General Directors Nguyen Thien Hoang and Tran Phuong.
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| Vice Chairman of the Provincial People's Committee Le Xuan Dai gave a speech at the conference. |
Established in October 2012, when BIDV implemented the policy of restructuring the operations of small-scale branches with low financial capacity to establish new branches, BIDV Phu Dien Branch was established on the basis of merging BIDV Tay Nghe An, Bac Nghe An branches and Dien Chau transaction office. The initial scale at the time of merger had a total outstanding debt of VND 1,527 billion, total capital of VND 1,652 billion, net service revenue of VND 7 billion, bad debt accounted for a large proportion.
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| Conference overview. |
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| Director of BIDV Phu Dien reported on the bank's operations in 2016. |
After 4 years of establishment, in the period of 2013-2015, BIDV Phu Dien branch restructured its business activities, successfully completing the retail credit activities of the whole system in the period of 2013-2015 with the indicators of scale and growth efficiency achieving quite well. Capital mobilization at the end of the period increased by an average of 20%, the market share of capital mobilization in the area increased from 3% to 3.5%; credit lending grew by an average of 38%. BIDV Phu Dien promptly provided capital for many key projects in the area.
In 2016, the Branch has fully achieved the targets on growth scale, maintaining its position and market share in the area. The operating structure has shifted positively towards strongly increasing retail activities and small and medium enterprises in the area. Outstanding retail credit reached VND 2,297 billion, up 22%; retail capital mobilization reached VND 2,210 billion, up 10% compared to 2015; credit quality is controlled.
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| Conference welcome performance. |
In 2017, BIDV Phu Dien branch determined to implement the business plan right from the first days of the month, striving to successfully complete the set targets: Maximum credit growth of 14%, capital mobilization growth of 13%.
Speaking at the ceremony, comrades Le Xuan Dai - Vice Chairman of the Provincial People's Committee; Nguyen Thien Hoang - Deputy General Director of BIDV Vietnam acknowledged and highly appreciated the achievements of BIDV, and at the same time requested BIDV Phu Dien to continue to perform well the socio-economic development tasks assigned by the Government, the State Bank, and BIDV, closely following the socio-economic development orientation of the province and the districts in the area. Effective and safe credit growth, focusing on promoting retail credit, small and medium-sized enterprise customers, continuing to invest in rural agricultural development in the field of industrial crop development, promoting livestock projects, continuing to invest in coastal economic development and fishing, aquaculture and seafood processing according to the orientation.
The comrades also hoped that BIDV would continue to launch emulation movements, improve the scale and quality of operations; build and promote the image of the branch in the area, perform well in social security work, and demonstrate responsibility for the community.
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| Ribbon cutting ceremony for the inauguration of the office building. |
On this occasion, BIDV Phu Dien announced the inauguration of the BIDV Phu Dien branch's headquarters and treasury. The investment project to build the BIDV Phu Dien branch's headquarters was built on an area of 2,300m2, 7-storey high with total floor area of nearly 5,000m2The project invests in smart, automatic building technical systems to serve the needs of modern banking./.
Thu Huyen - Phuong Thuy
